Investment Analysis Dissertation

Module description

This module centres on an investment analysis of a real, topically interesting, company. You will produce a detailed analyst’s company report, using a range of company stock valuation methods to determine the market value of the company, employ financial analysis tools and analyse the macroeconomic and competitive markets in which the company operates. You will choose a topic, of relevance to the company, on which to carry-out an academic literature review.

Full module specification

Module title:Investment Analysis Dissertation
Module code:BEAM006
Module level:M
Academic year:2016/7
Module lecturers:
  • James Roger Stevenson - Convenor
Module credit:45
ECTS value:

22.5

Pre-requisites:
Co-requisites:

BEAM032 Investment Analysis1 and  BEAM038 Investment Analysis 2

Duration of module: Duration (weeks) - term 1:

11

Duration (weeks) - term 2:

11

Module aims

The module aims to enable you to conduct an in-depth investment analysis case study on a single company drawn from a list of topically interesting  companies selected by the module leader. You will identify and apply an area of academic literature that has relevance to the company chosen. The case study exercise aims to provide you with the opportunity to demonstrate, in the development of a detailed analyst’s company report, the skills, knowledge acquired in the area of investment analysis and an ability to critically evaluate academic literature. 

ILO: Module-specific skills

  • 1. construct a viable project proposal, within the context of existing literature.
  • 2. research widely in the area of practical investment analysis and be able to apply a set of objective analytical tools, including a range of company stock valuation methods, to a complex case study firm
  • 3. reconcile the outcomes of a range of stock valuation methods vis-à-vis the market value employ the tools of financial statement analysis in a structured manner
  • 4. engage in deep analysis of the macroeconomic environment and the competitive environment of the industry or industries to which the firm belongs
  • 5. plan, investigate and execute a piece of applied finance research

ILO: Discipline-specific skills

  • 6. use independent study skills including the use of the library and relevant financial databases
  • 7. present research plans, a discussion of the relevant academic and practitioner literature, and salient analytical results in an appropriate company report format
  • 8. demonstrate the ability to provide reasoned investment advice on a real-world stock
  • 9. develop analytical and report-writing skills in an applied investment setting

ILO: Personal and key skills

  • 10. conduct a piece of independent research
  • 11. evaluate a complex real-world case in an objective analytical framework
  • 12. manage time and research resources
  • 13. take responsibility for the direction and management of a research project from inception through to completion and submission

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
5445

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours5Supervision

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Project proposal1,200 words6-7Written feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Final project10012,000 words1-13Written feedback
0
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Final projectProject1-13August/September

Syllabus plan

Thematic project seminars; meetings with supervision team

Indicative learning resources - Basic reading

Basic reading:

K. Palepu, P. Healy, V. Bernard, 2003, Business Analysis and Valuation using Financial Statements, 3rd ed, UK: Thomson South Western;

G.I. White, A.C. Sondhi and D. Fried, 2003,  The Analysis and Use of Financial Statements, 3rd ed,

Chichester: Wiley;

M. Fridson and F. Alvarez, 2002, Financial Statement Analysis: A Practitioner’s Guide, 3rd ed, Chichester: Wiley;

Simon Benninga, Financial Modeling, 2000, Second edition, Mass: MIT Press.

 

ELE – http://vle.exeter.ac.uk/course/view.php?id=160

Module has an active ELE page?

Yes

Origin date

03/06/2014

Last revision date

03/06/2014